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Group retirement income plans

Learn what they are and how they can help you maximize your savings throughout your retirement.

Moving your money from group savings plans to group income plans

Retiring from work means leaving your organization’s group retirement program. For some plans, turning your retirement savings into retirement income means moving it to a retirement income plan. Moving it to a group retirement income plan (GRIP) means you can continue with many of the features you've enjoyed with your group savings plan. Moving it to a Manulife GRIP means continuing with many of the same features, and maybe discovering a few more. 

Which GRIP is right for you?

Sign in and look at your most recent statement to see which plans you have money in and whether your money is locked in or not. Then call us at 866-991-3056 to speak with a transition specialist about which group retirement income plans are available to you.

Sign in

Registered Retirement Income Fund (RRIF)

  • Use an RRIF for non-locked-in money coming from an RPP, RRSP, or DPSP.
  • There’s a minimum you have to take out each year.

Life Income Fund (LIF)

  • Use a LIF for locked-in money coming from an RPP, a Locked-in Retirement Account (LIRA), or another LIF. 
  • There’s a minimum (and sometimes maximum) you can take out each year.
  • Whether you have a LIF, a Locked-in Retirement Income Fund (LRIF), a Restricted Life Income Fund (RLIF), or a prescribed Registered Retirement Income Fund (PRIF) depends on where you worked when you saved the money.

Wondering what to do with the money in your TFSA, EPSP, or NRSP?

Consider moving it into a TFSA or NRSP in The Manulife Personal Plan™.

Learn more

Guidance and support

Manulife’s professionals can help you look after your savings and manage your retirement.
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So many investment choices

Enjoy a wide range of savings options and over 200 funds you might not get access to on your own.

Make the most of your group retirement income plan

It’s easier to make smart decisions with easy-to-understand information, tools, and guidance—right where you need them.

  • How to achieve your retirement dreams

    Having a hard time saving for retirement because it seems so far away? Maybe visualizing it will help. Think about all the great things you’d like to do in retirement, then plan to make them happen.

    Read the insight

  • What will your income be?

    Find out how long a certain amount of money in a certain kind of retirement income plan is likely to last.

    Try our retirement income calculator

  • Supercharge your group retirement income plans

    Partner with one of our advisors to learn what makes our group retirement income plans great and why it may be great for you.

    Learn how our advisors can help

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Get help with your retirement plans—at any stage

Whether your retirement is just around the corner or already under way, we want to help you make the most of it. Let us point you towards the plans, resources, and tools we’ve designed just for people like you. 
Plan for your retirement